Eintrag weiter verarbeiten
Asymmetric wage adjustment and employment in European firms
Gespeichert in:
| Zeitschriftentitel: | The B.E. Journal of Macroeconomics |
|---|---|
| Personen und Körperschaften: | , , , , |
| In: | The B.E. Journal of Macroeconomics, 20, 2020, 2 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Walter de Gruyter GmbH
|
| Schlagwörter: |
| author_facet |
Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter |
|---|---|
| author |
Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter |
| spellingShingle |
Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter The B.E. Journal of Macroeconomics Asymmetric wage adjustment and employment in European firms Economics and Econometrics |
| author_sort |
marotzke, petra |
| spelling |
Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter 1935-1690 Walter de Gruyter GmbH Economics and Econometrics http://dx.doi.org/10.1515/bejm-2018-0254 <jats:title>Abstract</jats:title> <jats:p>We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010–2013. These data are particularly useful for this paper given the firm-level information on the change in economic conditions and collective pay agreements. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of downward wage adjustment; second, wage responses to demand developments are asymmetric with a weaker downward response. Estimation results show that a wage reduction significantly lowers the probability of a decrease in employment at the firm level when demand falls and thereby point to a negative effect of downward wage rigidities on employment at the firm level.</jats:p> Asymmetric wage adjustment and employment in European firms The B.E. Journal of Macroeconomics |
| doi_str_mv |
10.1515/bejm-2018-0254 |
| facet_avail |
Online |
| finc_class_facet |
Wirtschaftswissenschaften |
| format |
ElectronicArticle |
| fullrecord |
blob:ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMTUxNS9iZWptLTIwMTgtMDI1NA |
| id |
ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMTUxNS9iZWptLTIwMTgtMDI1NA |
| institution |
DE-Ch1 DE-L229 DE-D275 DE-Bn3 DE-Brt1 DE-D161 DE-Gla1 DE-Zi4 DE-15 DE-Rs1 DE-Pl11 DE-105 DE-14 |
| imprint |
Walter de Gruyter GmbH, 2020 |
| imprint_str_mv |
Walter de Gruyter GmbH, 2020 |
| issn |
1935-1690 |
| issn_str_mv |
1935-1690 |
| language |
English |
| mega_collection |
Walter de Gruyter GmbH (CrossRef) |
| match_str |
marotzke2020asymmetricwageadjustmentandemploymentineuropeanfirms |
| publishDateSort |
2020 |
| publisher |
Walter de Gruyter GmbH |
| recordtype |
ai |
| record_format |
ai |
| series |
The B.E. Journal of Macroeconomics |
| source_id |
49 |
| title |
Asymmetric wage adjustment and employment in European firms |
| title_unstemmed |
Asymmetric wage adjustment and employment in European firms |
| title_full |
Asymmetric wage adjustment and employment in European firms |
| title_fullStr |
Asymmetric wage adjustment and employment in European firms |
| title_full_unstemmed |
Asymmetric wage adjustment and employment in European firms |
| title_short |
Asymmetric wage adjustment and employment in European firms |
| title_sort |
asymmetric wage adjustment and employment in european firms |
| topic |
Economics and Econometrics |
| url |
http://dx.doi.org/10.1515/bejm-2018-0254 |
| publishDate |
2020 |
| physical |
|
| description |
<jats:title>Abstract</jats:title>
<jats:p>We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010–2013. These data are particularly useful for this paper given the firm-level information on the change in economic conditions and collective pay agreements. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of downward wage adjustment; second, wage responses to demand developments are asymmetric with a weaker downward response. Estimation results show that a wage reduction significantly lowers the probability of a decrease in employment at the firm level when demand falls and thereby point to a negative effect of downward wage rigidities on employment at the firm level.</jats:p> |
| container_issue |
2 |
| container_start_page |
0 |
| container_title |
The B.E. Journal of Macroeconomics |
| container_volume |
20 |
| format_de105 |
Article, E-Article |
| format_de14 |
Article, E-Article |
| format_de15 |
Article, E-Article |
| format_de520 |
Article, E-Article |
| format_de540 |
Article, E-Article |
| format_dech1 |
Article, E-Article |
| format_ded117 |
Article, E-Article |
| format_degla1 |
E-Article |
| format_del152 |
Buch |
| format_del189 |
Article, E-Article |
| format_dezi4 |
Article |
| format_dezwi2 |
Article, E-Article |
| format_finc |
Article, E-Article |
| format_nrw |
Article, E-Article |
| _version_ |
1792328983160815621 |
| geogr_code |
not assigned |
| last_indexed |
2024-03-01T13:01:40.133Z |
| geogr_code_person |
not assigned |
| openURL |
url_ver=Z39.88-2004&ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fvufind.svn.sourceforge.net%3Agenerator&rft.title=Asymmetric+wage+adjustment+and+employment+in+European+firms&rft.date=2020-07-03&genre=article&issn=1935-1690&volume=20&issue=2&jtitle=The+B.E.+Journal+of+Macroeconomics&atitle=Asymmetric+wage+adjustment+and+employment+in+European+firms&aulast=T%C3%B3th&aufirst=Peter&rft_id=info%3Adoi%2F10.1515%2Fbejm-2018-0254&rft.language%5B0%5D=eng |
| SOLR | |
| _version_ | 1792328983160815621 |
| author | Marotzke, Petra, Anderton, Robert, Bairrao, Ana, Berson, Clémence, Tóth, Peter |
| author_facet | Marotzke, Petra, Anderton, Robert, Bairrao, Ana, Berson, Clémence, Tóth, Peter, Marotzke, Petra, Anderton, Robert, Bairrao, Ana, Berson, Clémence, Tóth, Peter |
| author_sort | marotzke, petra |
| container_issue | 2 |
| container_start_page | 0 |
| container_title | The B.E. Journal of Macroeconomics |
| container_volume | 20 |
| description | <jats:title>Abstract</jats:title> <jats:p>We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010–2013. These data are particularly useful for this paper given the firm-level information on the change in economic conditions and collective pay agreements. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of downward wage adjustment; second, wage responses to demand developments are asymmetric with a weaker downward response. Estimation results show that a wage reduction significantly lowers the probability of a decrease in employment at the firm level when demand falls and thereby point to a negative effect of downward wage rigidities on employment at the firm level.</jats:p> |
| doi_str_mv | 10.1515/bejm-2018-0254 |
| facet_avail | Online |
| finc_class_facet | Wirtschaftswissenschaften |
| format | ElectronicArticle |
| format_de105 | Article, E-Article |
| format_de14 | Article, E-Article |
| format_de15 | Article, E-Article |
| format_de520 | Article, E-Article |
| format_de540 | Article, E-Article |
| format_dech1 | Article, E-Article |
| format_ded117 | Article, E-Article |
| format_degla1 | E-Article |
| format_del152 | Buch |
| format_del189 | Article, E-Article |
| format_dezi4 | Article |
| format_dezwi2 | Article, E-Article |
| format_finc | Article, E-Article |
| format_nrw | Article, E-Article |
| geogr_code | not assigned |
| geogr_code_person | not assigned |
| id | ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMTUxNS9iZWptLTIwMTgtMDI1NA |
| imprint | Walter de Gruyter GmbH, 2020 |
| imprint_str_mv | Walter de Gruyter GmbH, 2020 |
| institution | DE-Ch1, DE-L229, DE-D275, DE-Bn3, DE-Brt1, DE-D161, DE-Gla1, DE-Zi4, DE-15, DE-Rs1, DE-Pl11, DE-105, DE-14 |
| issn | 1935-1690 |
| issn_str_mv | 1935-1690 |
| language | English |
| last_indexed | 2024-03-01T13:01:40.133Z |
| match_str | marotzke2020asymmetricwageadjustmentandemploymentineuropeanfirms |
| mega_collection | Walter de Gruyter GmbH (CrossRef) |
| physical | |
| publishDate | 2020 |
| publishDateSort | 2020 |
| publisher | Walter de Gruyter GmbH |
| record_format | ai |
| recordtype | ai |
| series | The B.E. Journal of Macroeconomics |
| source_id | 49 |
| spelling | Marotzke, Petra Anderton, Robert Bairrao, Ana Berson, Clémence Tóth, Peter 1935-1690 Walter de Gruyter GmbH Economics and Econometrics http://dx.doi.org/10.1515/bejm-2018-0254 <jats:title>Abstract</jats:title> <jats:p>We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010–2013. These data are particularly useful for this paper given the firm-level information on the change in economic conditions and collective pay agreements. Our findings confirm the presence of wage rigidities in Europe: first, collective pay agreements reduce the probability of downward wage adjustment; second, wage responses to demand developments are asymmetric with a weaker downward response. Estimation results show that a wage reduction significantly lowers the probability of a decrease in employment at the firm level when demand falls and thereby point to a negative effect of downward wage rigidities on employment at the firm level.</jats:p> Asymmetric wage adjustment and employment in European firms The B.E. Journal of Macroeconomics |
| spellingShingle | Marotzke, Petra, Anderton, Robert, Bairrao, Ana, Berson, Clémence, Tóth, Peter, The B.E. Journal of Macroeconomics, Asymmetric wage adjustment and employment in European firms, Economics and Econometrics |
| title | Asymmetric wage adjustment and employment in European firms |
| title_full | Asymmetric wage adjustment and employment in European firms |
| title_fullStr | Asymmetric wage adjustment and employment in European firms |
| title_full_unstemmed | Asymmetric wage adjustment and employment in European firms |
| title_short | Asymmetric wage adjustment and employment in European firms |
| title_sort | asymmetric wage adjustment and employment in european firms |
| title_unstemmed | Asymmetric wage adjustment and employment in European firms |
| topic | Economics and Econometrics |
| url | http://dx.doi.org/10.1515/bejm-2018-0254 |